Hispanic Owned Businesses

There were 6,178 Hispanic-owned firms in Missouri in 2007, up from 3,652 in 2002, according to data from the U.S. Census Bureau's 2007 Survey of Business Owners. This represents a 69.1 percent increase in the number of Hispanic-owned firms in the state. These firms accounted for $1.38 billion in sales and receipts in 2007.

In the U.S., there were 2.26 million Hispanic-owned firms in
2007, up 43.7 percent from 2002. Sales and receipts from
Hispanic-owned firms increased 55.5 percent from 2002 totaling $350.7 billion in receipts in 2007. Hispanic-owned
firms made up 8.3 percent of all firms in the nation.

States with the largest number of Hispanic-owned businesses were
California (566,573), Florida (450,137), Texas (447,589), New York
(193,183) and New Jersey (68,374). In addition, California also had
the largest gross sales from Hispanic-owned firms. Missouri ranked
27th among the states in the total number of Hispanic-owned firms.

States with Largest Number of Hispanic-Owned Businesses 2007

Rank

Area

Total Number of Firms

Hispanic-Owned Firms

Hispanic-Owned Receipts ($1,000)

Hispanic-Owned Firms as a Percent of all Firms

****

United States

27,092,908

2,260,269

$350,661,243

8.3%

1

California

3,425,510

566,573

$80,319,100

16.5%

2

Florida

2,009,589

450,137

$72,644,226

22.4%

3

Texas

2,164,852

447,589

$61,895,886

20.7%

4

New York

1,956,733

193,183

$18,202,064

9.9%

5

New Jersey

781,622

68,374

$10,164,782

8.7%

6

Illinois

1,123,817

56,567

$10,337,194

5.0%

7

Arizona

491,529

52,667

$8,004,494

10.7%

8

New Mexico

157,231

37,195

$6,514,745

23.7%

9

Colorado

547,770

33,762

$6,618,417

6.2%

10

Georgia

901,105

32,574

$5,964,841

3.6%

27

Missouri

501,064

6,178

$1,383,964

1.2%

Only four states recorded more than 100,000 Hispanic-owned
businesses in 2007. Twenty-eight states, including Missouri, had
fewer than 10,000 Hispanic-owned firms.

States with the highest percentage of Hispanic-owned
businesses, as a percent of all firms, were concentrated in the
southwestern portion of the United States. States with the
largest concentration of Hispanic-owned businesses were New Mexico
(23.7 percent), Florida (22.4 percent), Texas (20.7 percent) and
California (16.5 percent). In Missouri, Hispanics owned 1.2
percent of all firms in 2007, up from 0.8 percent of all firms
in 2002.

States with the highest percentage change of Hispanic-owned
businesses between 2002 and 2007 were Arkansas (159.6%), North Carolina (135.5%), Pennsylvania (106.8%) and Tennessee (102.3%).